signal strength 1 of 5
The Triple Top pattern has formed on the chart of the GOLD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 3335.98/3338.01 with the upper limit 3342.45/3344.99; the projection of the width is 647 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 3335.98, the price is most likely to continue the downward movement.
The M5 and M15 time frames may have more false entry points.
See Also
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- Double Top
- Flag
- Head and Shoulders
- Pennant
- Rectangle
- Triangle
- Triple top
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- AUDCAD
- AUDCHF
- AUDJPY
- AUDUSD
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- EURGBP
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- GBPUSD
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- NZDUSD
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On the chart of NZDJPY H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 87.00; the lower boundary 86.53; the width of the pattern 47 points
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The Double Bottom pattern has been formed on GBPJPY M5. Characteristics: the support level 194.78; the resistance level 194.96; the width of the pattern 18 points. If the resistance level
The M5 and M15 time frames may have more false entry points.
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The Double Bottom pattern has been formed on GBPCHF M5; the upper boundary is 1.1120; the lower boundary is 1.1113. The width of the pattern is 7 points. In case
The M5 and M15 time frames may have more false entry points.
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